| Show MINES AND MINING aai eastern financial paper con bains the information that the au gust output of the newhouse mines and smelters amounted to pounds of copper excavations are being completed at gold circle for the ten stamp mill ing plant which Is to be installed by butte capital the mill builders are expecting the arrival 01 the equipment any day daniel guggenheim Gugg president of the american smelting and refining company is as optimistic over the outlook for better prices tor silver and lead as he is over an improved copper market the gold production odthe united above the mark A few years ago the best informed gold miners did not consider it within rea son to predict an output of that amount before 1915 A strike was recently made in the red elephant mine seven miles west ot hailey idaho three feet ot high grade galena ore was cut into in the lower workings and regular ship ments are being made from the mine the idea to have banks make sub stant lal loans on mining stocks ot merit as they do on railroad and other securities that are subject to market fluctuations is worthy ol 01 careful consideration says the min ing world from a mine near leadville colo the independent smelter of ogden last week received a carload of ore that will net the shippers the values carried are 74 in gold 7 ounces in silver and 12 3 per cent copper discovery of a zone ot in the gold prize group of claims west of the seven troughs mine and directly south of the cleghorn group Is one of the latest sensations in the seven troughs district the clifford mine fifty miles east of tonopah in nye county nevada has been sold by edward clifford and his sons who discovered and developed the property to J mack of goldfield for a first payment of 25 the consolidated mercur gold mines company last week shipped to the mint at denver its august output ot bullion which will bring the corn pany something over this is a substantial increase over the output of any month tor some time the production having run from 65 to reports from the camp at buck skin nevada are of the best it is certain that the people there are sure they have a camp new mines are being developed and old workings started up the oil excitement has also reached that camp and they think they have as good a showing as any of them the independence mine two miles south of ketchum and fourteen miles from halley has been worked since 1883 by the owners taking out only first class or shipping ore leaving the second class or milling ore in the mine and dumps its record for shipping ore sold up to june 1907 was over the iron fields of iron county utah have long been known to be among the best in the united states some portions of the field exlus it is said the very best product for making bessemer steel that has been discovered anywhere there is no question about the deposits being very large nor that they will be utilized some day upon an extensive scale the deal by which the pittsburg consolidated mining company oper abing in the alta district tal es over the holdings of the pioneer consoli dated company has been closed the property is taken under bond and lease with the of realizing 10 from a 10 toot as ses hole Is the romantic record estabi shed bv george norton miner ot mohawk anz who has been spending a week in los angeles nor ton hid decided to give up his ground as worthless when the strike was made the famous engineers lease ot goldfield has in three months pro deuced and has paid in dividends the lease has two months yet to run at the end ot which time it is estimated that the gross output will have been better than the long looked for change of for matlon has appeared in the long tun nel that Is being driven into scott hill by the chief minin company at park city the tunnel is past the 1200 foot mark and the last feet has been run through a hard quartzite A strike of two feet of free milling ore that assays close to in gold and pans big was made in the bouth fork espey mine recently accord ing to the elk city idaho mining news A year ago 2 was taken out in fourteen days with a coffee mill two feet of first class ore accod lanying three and four feet ot good milling rock have been opened in the long tunnel of the columbus ex tension mining company at alta utah the ore was encountered on the lime quartzite contact which is now being followed the wood river section 0 idaho Is famed for its high grade galena ores averaging 60 per cent lead and to ounces of silver per ton worth over per ton and has produced over of ores there are at present probably men at work in the contiguous country the local agent of the oregon short line at mackay idaho while out on a picnic exclusion recently found a etreal of coal in cedar creek and has located the vein he is baa ing some samples tested and expects to find that he has stumbled upon a very nice 1 atle fortune the building tor the ne v mill at the bunker hill and sullivan in the coeur calenes is practically corn dieted and the installation of new machinery will commence at once on tie completion of this mill the company will be in a position to double the output at an time |
